TITLE

Productivity loses out to the need to retain the higher skilled

PUB. DATE
November 2003
SOURCE
Management Services;Nov2003, Vol. 47 Issue 11, p3
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article presents information on a report from the Chartered Institute of Personnel and Development (CIPD) which demonstrates that organizations are devoting the majority of their resources towards the higher skilled to the detriment of the ability of Great Britain to improve productivity. Supported by a wealth of CIPD research, the report shows that low-income workers receive less training, feature less in the recruitment and reward strategies of organizations and are much less likely to return to work when they become parents owing to prohibitive childcare care. The HR Trends and Prospects 2003 also shows that organizations are undertaking more innovation and initiatives in its attempt to recruit and retain the best staff. This remains HR's biggest challenge against a growing perception among HR managers that employees are becoming less loyal to their employers and more focused on their careers. Training and development is the most popular measure used by organizations to retain its best staff 66% and is followed by promoting a good image 47% and increased pay 44%.
ACCESSION #
11544345

 

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